Publication Date

8-2012

Abstract

[Excerpt] Consumer spending decreased for the second year in a row in the United States, according to 2010 data from the Consumer Expenditure Survey (CE). Average annual expenditures of consumer units (CUs) dropped from $49,067 in 2009 to $48,109 in 2010. This 2.0-percent decline comes after a 2.8-percent drop in average annual expenditures from 2008 to 2009, due in part to falling incomes. Average annual income before taxes decreased 0.6 percent, from $62,857 in 2009 to $62,481 in 2010, while U.S. prices, as measured by the average annual change in the Consumer Price Index for All Urban Consumers (CPI-U, U.S. city average, all items), began to rise again. Following a decrease of 0.4 percent in 2009, prices rose by 1.6 percent in 2010. This report details the results of the 2010 CE.

Comments

Suggested Citation
U.S. Department of Labor, Bureau of Labor Statistics. (2012). Consumer expenditures in 2010 (BLS Report No. 1037). Washington, D.C.: Author.

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